A Covenant is...

“For this reason He is the mediator of a new covenant, so that, since a death has taken place for the redemption of the transgressions that were committed under the first covenant, those who have been called may receive the promise of the eternal inheritance. For where a covenant is, there must of necessity be the death of the one who made it. For a covenant is valid only when men are dead, for it is never in force while the one who made it lives. Therefore even the first covenant was not inaugurated without blood.”
Hebrews 9:15-18

The term covenant is not used as widely as it once was, but it carries the same connotations as the more contemporary synonym contract. A covenant is, thus, a binding agreement between two parties that is in effect so long as both parties adhere to the specific guidelines.

When God speaks of “a covenant” in the Bible, He also refers to a binding agreement - with one major exception: God will accomplish His part even when we fail. Since Abraham, God has dealt with man through covenant relationships. The New Testament, or New Covenant, is the Father’s unbreakable promise to forgive the sins of men and equip them with the Holy Spirit. This covenant is based on the shed blood of Jesus Christ.

What comfort, what security, what confidence this truth should give the believer! God, Who cannot lie, has sworn by His own word that those who place their faith in Him will always be the object of His unfailing, steadfast, loyal love which is expressed in continual forgiveness and the constant presence of the Holy Spirit.

If you have grievously sinned, God’s new covenant of forgiveness is still effective. If you have backslidden, He is waiting patiently for you to return.

“For this is My blood of the covenant...poured out for many for forgiveness of sins.” Matthew 26:28